Titanium Corp partners up with CNRL to clean-up tailings streams
The government of Alberta has approved up to $5 million in funding for Titanium Corporation's process to reduce emissions from the oil sands. Although initiatively focused on recovering valuable minerals from oil sands tailings, the company has since pivoted towards lowering GHG emissions through the recovery of bitumen and solvent from froth treatment tailings streams, before the tailings reach the storage pond.
Canadian Natural Resources (CNRL) is sponsoring the trials. Any learnings will be shared with other mine operators through Canada's Oil Sands Innovation Alliance (COSIA).
The funds will be managed by Emissions Reduction Alberta (ERA) through its program to reduce the province's methane emissions. The ERA announced a total of $83 million in funding for several companies working towards reducing methane emissions, including Cenovus, Husky Energy, Encana and Peyto Exploration.
In addition to the methane challenge, the ERA has committed to fund $50 million worth of projects specifically related to reducing GHG emissions from the oil sands. However, those funds must be matched by industry in order to qualify. Interested parties are asked to submit their ideas before September 7, 2017.
To date, ERA has committed more than $340 million in funding for over 120 projects with a total value of over $2.3 billion.